The Global High Temperature Superconducting Power Cable Market was valued at USD 48 million in 2023 and is projected to reach USD 430.42 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 27.60% during the forecast period (2023–2032). This exponential growth is fueled by increasing energy demands, renewable energy integration challenges, and the urgent need for lossless power transmission in urban centers.
As global energy infrastructure undergoes a transformation, superconducting cables are emerging as a game-changing solution for utilities and industrial power systems. These revolutionary conductors enable massive power throughput with minimal energy loss. Here we analyze the Top 10 Companies in the High Temperature Superconducting Power Cable Industry—technology leaders reshaping power transmission networks worldwide.
🔟 1. Nexans S.A.
Headquarters: Paris, France
Key Offering: SC (Superconducting) cables, Cryogenic systems
Nexans dominates the European superconducting cable market with over 15 km of installed HTS cable systems. Their turnkey solutions combine proprietary superconducting technology with advanced cryogenics for utility-scale deployments.
Innovation Highlights:
- Developer of world’s first commercial superconducting grid (Essen, Germany)
- Hybrid cable systems enabling seamless grid integration
- Strategic collaborations with national grid operators
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9️⃣ 2. Furukawa Electric Co., Ltd.
Headquarters: Tokyo, Japan
Key Offering: DI-BSCCO® HTS cables
Furukawa leads Asian innovation with its patented bismuth-based DI-BSCCO® technology, having commercialized the world’s first 200V/2kA-class superconducting power cables.
Innovation Highlights:
- Industrial-scale production of Bi-2223 superconducting tapes
- Advanced cryogenic insulation materials
- Developing 66kV-class HTS cables for transmission applications
8️⃣ 3. Shanghai Superconducting Technology Co., Ltd.
Headquarters: Shanghai, China
Key Offering: REBCO tapes, HTS cable systems
This Chinese leader operates the world’s longest (1.2km) 35kV superconducting power line in Shanghai, demonstrating large-scale urban grid applications.
Innovation Highlights:
- Mass production capability for 2G HTS wires (REBCO)
- Integrated cryogen-free cooling technology
- Strategic partnership with State Grid Corporation of China
Download FREE Sample Report: High Temperature Superconducting Power Cable Market – View in Detailed Research Report
7️⃣ 4. LS Cable & System
Headquarters: Anyang, South Korea
Key Offering: HTS power cables, Fault Current Limiters
LS Cable specializes in integrated solutions combining HTS cables with superconducting fault current limiters, deployed in KEPCO’s grid modernization projects.
Innovation Highlights:
- 3-in-1 cable systems (power + data + cooling)
- Compact cryogenic enclosures for space-constrained installations
- Automated manufacturing for superconducting wire production
6️⃣ 5. NKT A/S
Headquarters: Brøndby, Denmark
Key Offering: HTS cable systems, Cryogenic infrastructure
NKT leverages its high-voltage cable expertise to develop superconducting solutions for European offshore wind integration.
Innovation Highlights:
- Offshore-optimized HTS cable designs
- Modular cryogenic cooling systems
- DNV-certified subsea cable technology
5️⃣ 6. FGC UES
Headquarters: Moscow, Russia
Key Offering: Superconducting cables, Fault current limiters
The Russian grid operator has deployed a 2.5km HTS cable in Moscow, focusing on reliability enhancement through superconducting technologies.
Innovation Highlights:
- Cryogenic systems for extreme climate conditions
- Railway power supply applications
- Compact substation integration solutions
Read Full Report: High Temperature Superconducting Power Cable Market – View in Detailed Research Report
4️⃣ 7. Ossen Group
Headquarters: Wuhan, China
Key Offering: YBCO coated conductors, Modular cable systems
Ossen specializes in cost-effective YBCO wire production and prefabricated cable solutions for both domestic and international projects.
Innovation Highlights:
- Roll-to-roll superconducting tape manufacturing
- High-current density conductor development
- Standardized cable component designs
3️⃣ 8. Baosheng Group
Headquarters: Baoying, China
Key Offering: HTS cable systems, Power transmission solutions
This Chinese manufacturer focuses on superconducting cable systems for industrial applications and grid reinforcement projects.
Innovation Highlights:
- Medium-voltage HTS cable solutions
- Custom cryogenic cooling configurations
- Industrial park power distribution systems
2️⃣ 9. Tianjin Benefo Tejing Electric
Headquarters: Tianjin, China
Key Offering: Superconducting cable components, Insulation materials
A specialized supplier of critical components for HTS cable systems, serving domestic cable manufacturers and research institutions.
Innovation Highlights:
- Advanced dielectric insulation materials
- Cryogenic compatibility testing services
- Custom cable termination solutions
1️⃣ 10. Zhongtian Technology
Headquarters: Nantong, China
Key Offering: Superconducting wires, Power cable solutions
Completing the top 10, Zhongtian provides high-performance superconducting materials and participates in China’s grid modernization initiatives.
Innovation Highlights:
- High-efficiency wire manufacturing processes
- Participation in national demonstration projects
- Custom conductor configurations
Read Full Report: High Temperature Superconducting Power Cable Market – View in Detailed Research Report
⚡ Outlook: The Future of Power Transmission Is Superconducting
The HTS cable market is undergoing unprecedented transformation as nations seek solutions for:
- Overcoming urban power density limitations
- Integrating renewable energy at scale
- Reducing transmission losses in aging grids
- Future-proofing critical infrastructure
📊 Market Growth Accelerators:
- Government mandates for grid modernization
- Declining costs of superconducting materials
- Advances in cryogenic cooling technology
- Increasing adoption in industrial power systems
The companies profiled represent the vanguard of this industry—not just manufacturing components, but fundamentally redefining power transmission for the 21st century.